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Dermal Fillers Market Is Expected To Rise At A Cagr Of 7.44% In The Forecast Period, 2022-2030

Dermal Fillers Market is expected to rise at a CAGR of 7.44% in the forecast period, 2022-2030

The global dermal fillers market was valued at USD 4.98 billion in 2021 and it is the need for minimally invasive aesthetic procedures, particularly in developed nations, is a major factor in the market's growth. The global dermal fillers market is expected to grow at a CAGR of 7.44% during the forecast period to reach USD 9.45 billion by 2030. High patient satisfaction from product development will also have a beneficial effect on product demand during the predicted period. In the coming years, it is anticipated that ongoing advancements in filler materials will have an impact on the market expansion. Numerous products intended for particular facial regions have received FDA approval, enabling dermatologists to provide clients with specialized care.

Dermal fillers are injected under the skin and are soft, gel-like materials. Deep under-eye bags, lifting of the cheekbones, volumization of the lips, smoothing of lip lines and nasolabial folds (the wrinkles that run from the side of the nose to the corners of the mouth), and hand rejuvenation are a few of the frequent issues they can treat.

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“Rising Interest in Cosmetic Operations Globally Fuels the Market”

The development of the dermal filler market will be supported throughout the projected period by an expanding network of healthcare facilities offering cutting-edge aesthetic treatments and improved infrastructure. The number of clinics, medical spas, and centers for rejuvenation has significantly increased in recent years both in industrialized and developing countries. Thus, the rapid adoption of various non-invasive treatments offered by these facilities owing to the benefits including the cost-effectivity and shorter treatment duration will propel the industry growth. Furthermore, escalating number of skilled professionals such as dermatologists and plastic surgeons will further augment the industry expansion.

SEGMENT OUTLOOK:

The global dermal filler market is segmented based on application, product, and end -users.

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By Application Outlook:

Based on application, the dermal filler market is segmented into scar treatment, wrinkle correction treatment, lip enhancement, restoration of volume/fullness, and others.

Based on the product, the dermal filler market is segmented into biodegradable and non-biodegradable. The segment that uses biodegradable materials is predicted to have the largest market share over the forecast period.

Based on the end-users, the dermal fillers market is segmented into specialty & dermatology clinics, hospitals & clinics, and others. During the forecast period, it is anticipated that the specialty & dermatology clinics category will dominate. A significant number of aesthetic operations performed in dermatology and specialty clinics are responsible for the segment's dominance.

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On the basis of geography, the dermal fillers market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Throughout the projected period, North America will continue to be one of the most attractive markets for dermal fillers. The region's high disposable income, good ability to spend on cosmetic operations, the presence of top manufacturers, and the expanding demand for non-surgical procedures in the region are some of the main drivers promoting expansion.

Recent Developments:

  • In March 2021, with a modified administration regimen, Galderma announced the reintroduction of Sculptra (injectable Poly-L-lactic acid) in Europe.

The following are some of the major market players operating across the globe:

o    Galderma Pharma S.A.

o    Sinclair Pharma PLC

o    Zimmer Biomet Holdings

o    Allergan PLC.

o    Merz Aesthetics

o    Anika Therapeutics

o    Suneva Medical Inc.

o    Laboratories Vivacy SAS

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